Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

During the campaign, President Donald Trump floated an "all tariff policy" he said would replace federal income tax. Here's ...

These high-yielding municipal bond ETFs trade below net asset value, meaning the price of the funds is less than the value of ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

Whitmer unveiled the plan Monday, Feb. 10. It would generate long-term road funding by increasing the corporate income tax, ...

Gov. Gretchen Whitmer’s road funding plan is bad for business, according to the Detroit Regional Chamber. The regional ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

Tax expert noted that the new bill is going to bring a 'transformative' shift in the country's taxation system by focusing on ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...